Petroleum Geologists Reveals Untapped 750 Million Barrels of Oil From Dahomey Basin

Research by a team of professional petroleum geologists have discovered that there may be up to about 750 million barrels of oil and gas yet to be discovered in the
Dahomey Basin, according to reports by Daily Trust.

The Dahomey Basin, underlies the coastal plains of South-west Nigeria, Benin and Togo, where oil and gas exploration has significantly increased over the years.

The team of Nigerian geologists who carried out this fact finding research was led by Prof Samuel O. Akande of the University of Ilorin, the research team also found that the high presence of features such as source rocks and other organic contents are strong signs of hydrocarbon presence in Kano.

Highlights of the research was presented at the close-out seminar of the Annual Oil and Gas Research Grant Competition held in Abuja, recently. Details by Prof Akande reveals that he actually commenced the research 31 years ago traversing the entire Nigerian region looking
for hydrocarbon and petroleum source rocks.

Prof Akande also added that; “Considering the volume of such
rocks in the Dahomey Basin and
overlapping the outward area of the Niger Delta, we may be still having up to about 750 million barrels of oil and gas in the Dahomey Basin yet to be discovered and that is quite significant to us and interestingly when you compare these basins we now have key indicators.”